Standard Life plc · LSE:SDLF
Standard Life — Investor Presentation (March 2022)
9 slides from Standard Life's investor presentation, March 2022
Slide 1: Thinking globally, but acting locally
Thinking globally, Looking over the horizon but acting locally of pension reform change
Slide 2: Australia's Superannuation System: Overview and Update at March 2022
AUSTRALIA’S SUPERANNUATION SYSTEM OVERVIEW AND UPDATE AT MARCH 2022 STANDARD LIFE THOUGHT LEADERSHIP SERIES The Honourable Nick Sherry BA, FAIST, GAICD Contact details: nsherry@sherryint.com.au +61 (0)418 482 807 nsherry@sherryint.com.au
Slide 3: Size and Growth
Size and Growth • A$3.4 trillion, 160 % of GDP, up from $150b in 1992 • 10% compulsory contributions at July1, 2021. To 12% from 2025 • 4% of voluntary contributions • 86% Defined Contribution • No minimum threshold for conts, A$450 a month abolished • Maximum savings cap A$1.7 million • A very comp
Slide 4: Structure (1)
Structure (1) Number of Funds 2002 2022 Corporate 2484 13 Industry, NFP (multi 134 33 employer) Public Sector, NFP 76 16 Retail 254 86 Self Managed 227,000 600,000 4
Slide 5: Structure (2)
Structure (2) • NFP’s further 12 mergers announced • Mega funds: Australian Super $244b. Australian Retirement Trust $232b, Aware $150b, Uni Super $110b, HostPlus $83b, HESTA $70b,Cbus $56b. Other $20 -30b • Retail: Banks sold, NAB and ANZ to IOOF $205b, Westpac to Mercer $80b, CWB to PE $116b, AMP
Slide 6: Retirement
Retirement • 16% of population over 65, 22% by 2050 • Lump sum minimum draw down % by age Currently • Account based pension drawdown, $226b • Allocated pension, 10 to 20 years $176b • Lifetime annuity, $15b • Others, $69b Retirement Income Covenant • From July 1, 2022 all funds must formulate strate
Slide 7: Investment
Investment Equity • Australian listed 23% • International 29% • Unlisted 5 Fixed Income 18 Cash 9 Property/infrastructure 14 • Funds both internalising. Infrastructure. ESG focus 7
Slide 8: Your Future, Your Super
Your Future,Your Super Background – An individual may select a fund for contributions and investment option. Majority default. Engagement; web/apps, advisers and planners, data. Stapling – Employee starts new job and does not select, employer must find existing fund before default. Replaces auto-con
Slide 9: Thank You
Thank You Standard Life Assurance Limited is registered in Scotland (SC286833) at Standard Life House, 30 Lothian Road, Edinburgh, EH1 2DH. Standard Life Assurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulat